What's Going On With SoundHound AI Stock Thursday?
Portfolio Pulse from Erica Kollmann
SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher as the company is set to release its second-quarter earnings and has announced the acquisition of Amelia, an enterprise AI software company. The acquisition aims to enhance SoundHound's customer service offerings and expand into healthcare, financial services, and retail. Analysts expect the company to report losses of 9 cents per share and quarterly revenue of $13.083 million. Shares are up 17.8% at $5.06.
August 08, 2024 | 5:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
SoundHound AI shares are trading higher due to the upcoming Q2 earnings report and the acquisition of Amelia, which is expected to enhance customer service offerings and expand into new sectors.
The acquisition of Amelia is seen as a strategic move to enhance SoundHound's offerings and expand into new sectors, which is positively impacting investor sentiment. Additionally, the upcoming earnings report is generating interest, especially given the company's previous performance of beating estimates.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100